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Read The Entire Fall 2023 Technology, Media And Telecom Report Here.pdf

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Preview of Read the Entire Fall 2023 Technology, Media and Telecom Report Here
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👤 Author: Corporate Finance Associates
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Summary

Global tech spending is projected to grow by 10.6% YoY, with the Indian tech industry seeing a 0.2% increase q-o-q and a 4.4% increase YoY. Global IT spending is expected to reach $4.7 trillion in 2023, with a 4.3% increase from 2022, and rise to $5.1 trillion in 2024, an 8.8% growth from 2023. The software segment is expected to experience double-digit growth in both 2023 and 2024. The global AI market is projected to increase from $538.13 billion in 2023 to $2.5 trillion in 2032, with a CAGR of 19%. Quantum computing is expected to grow at a CAGR of 11.5% from 2023-2027, reaching nearly $16.4 billion by the end of 2027. Spatial computing is estimated to grow at a CAGR of 19% from 2023 to 2032, reaching a value of $560.9 billion. The number of mergers and acquisitions in the technology, media, and telecom industry declined in the third quarter of 2023, but the value of M&A deals was estimated to be around $129 billion.

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Global tech spending is projected to grow by 10.6% YoY, with the Indian tech industry seeing a 0.2% increase q-o-q and a 4.4% increase YoY.

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  • File Format: PDF
  • File Size: 4.2 MB
  • Pages: 31
  • Language: EN
  • Author: Corporate Finance Associates
  • Total Downloads: 67
  • Last Updated: 3 weeks ago

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